eightk.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of
Report (Date of earliest event reported): November 8, 2007
TEXTRON
INC.
(Exact
name of Registrant as specified in its charter)
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Delaware
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I-5480
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05-0315468
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(State
of
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(Commission
File Number)
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(IRS
Employer
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Incorporation)
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Identification
Number)
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40
Westminster Street, Providence, Rhode Island 02903
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (401) 421-2800
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instructions A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange
Act (17 CFR 240.13e-4(c))
On
November 8, 2007, Ted R. French, Executive Vice President and Chief Financial
Officer of Textron, adopted a pre-arranged stock trading plan to exercise
Textron stock options and sell the acquired Textron stock. This plan was
established as part of his individual long-term strategy for asset
diversification and liquidity. The plan was adopted in accordance with
guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934,
as amended, and Textron’s policies regarding stock transactions.
Under
the
plan, Mr. French may sell up to 135,366 shares of Textron stock over
approximately seven months beginning in December 2007. Shares will be
sold under the plan on the open market at pre-determined times at prevailing
market prices, subject to minimum price thresholds. The transactions under
the
plan will be disclosed publicly through Form 144 and Form 4 filings with the
Securities and Exchange Commission.
Rule
10b5-1 permits individuals who are not in possession of material, non-public
information at the time the plan is adopted to establish pre-arranged plans
to
buy or sell company stock. Using these plans, individuals can prudently and
gradually diversify their investment portfolios over an extended period of
time
and avoid concerns about transactions occurring at a time when they might
possess material non-public information.
Pursuant
to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report
to
be signed on its behalf by the undersigned hereunto duly
authorized.
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TEXTRON
INC.
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(Registrant)
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By:
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Terrence
O’Donnell
Executive
Vice President
and
General Counsel
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Date: November
8, 2007